Latest News

  • The Arrogance of Entitlement (TWTW – May 22-26, 2017) May 28, 2017 - The Arrogance of Entitlement – President Trump’s Travels to the Middle East and Europe – including a visit to the Pope – failed to relieve the pressure stemming from the FBI investigation into his campaign’s dealings with Russia… This is as news surfaced that his son-in-law Jared Kushner was being asked about his efforts to establish back channels contacts through Continue Reading
  • May 2016 – Flows & Performance: a preview of what month-end might reveal … May 25, 2017 - Last week saw markets hit by two potential i events – i standing for impeachment … one in the US, where the US President’s firing of FBI Director James Comey looked rather awkward and in Brazil, where Temer’s grip on the presidency now looks rather shaky in the wake of another political scandal … Anyways looking at what the month Continue Reading
  • McIntyre: Raising investor awareness one day (and month) at a time May 25, 2017 - May typically marks the start of warmer weather, vacation planning for the summer and the beginning of barbeque and cottage season. This year, May is particularly significant as it marks the very first Investor Awareness Month in Toronto, as part of CFA Institute’s Putting Investors First campaign. Led by the CFA Society Toronto here, this campaign is meaningful for investors Continue Reading
  • Purpose secures powerful ally / investor in OMERS May 25, 2017 - Som Seif’s Purpose now has a powerful minority stake holder in OMERS, covered off in Clare O’Hara’s latest column for the Globe: OMERS Platform Investments, a branch of one of Canada’s largest pension fund providers, is claiming a minority stake in exchange traded funds provider Purpose Investments. The deal, which has an undisclosed price, will see OMERS provide Purpose the Continue Reading
  • Koesterich – keep your eyes on the credit markets, not Washington May 24, 2017 - With political uncertainty on the rise in D.C., will market volatility spike? Russ discusses why the economy and credit markets matter more. Following a market friendly outcome in the French election and less market friendly political rumblings at home, the locus of political anxiety has shifted from Europe to the United States. However, with the exception of a sharp but Continue Reading
  • Turnill: What low market volatility does not signal May 23, 2017 - Wall Street’s fear gauge, the VIX, remains below its long-term average, even after last week’s spike. Richard explains how not to interpret today’s low equity market volatility. Wall Street’s fear gauge spiked last week amid Washington turmoil. Yet the VIX remains comfortably below its long-term average of around 20, after a stretch of near-record lows. Low volatility isn’t a signal Continue Reading
  • The benefit of scale – iShares lowers Fees on 3 fixed income bond ETFs May 23, 2017 - Great news for the owners / users of the following 3 bond ETFs from iShares: The fees on these is being reduced significantly (they were already cheap – as most all ETFs are – significant reduction means as a % of where the new fees stand relative to the older one, a big change): XBB – iShares Canadian Universe Bond Continue Reading
  • Multivariate Unfitness (TWTW – May 15-19, 2017) May 21, 2017 - Multivariate Unfitness – The obvious headline was “Witch Hunt”, that which would fit the President’s narrative. Naturally, the “other” narrative is and for a while can very much be expected to remain rather uncomfortable. That narrative is that of the world’s most powerful man, a man used to get his ways in probably more ways than one, and a man Continue Reading
  • Rosenberg: What the bond markets tell us about reflation May 19, 2017 - Global bond markets are flashing caution on the reflation trade. Yet we see the underlying reflationary dynamic as alive and well. Jeff explains. Global fixed income markets are flashing caution on “reflation trades” predicated on an expansionary economic environment. Positions that have recently come undone include betting on steepening yield curves and inflation expectations (inflation-linked over nominal bonds)—and in equity Continue Reading
  • Schlanger: The advantages of using bond ETFs over individual bonds May 18, 2017 - Bond exchange-traded funds (ETFs) can offer significant advantages compared with building a portfolio of individual bonds. These advantages can include greater diversification, liquidity and transparency, easier reinvestment of capital and income, and more consistent risk characteristics. Bond ETFs also tend to be lower cost, which can have a large impact on net returns, particularly in a low-yield environment. For most Continue Reading